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05-12-2011Christie's Art Sale Sets 7 World Auction Records

Last night's Post-War and Contemporary Art Evening Sale at Christie's New York realized US$301,683,630, exhibiting a thriving and healthy market for art, in which buyers fiercely competed for works of utmost quality, provenance and beauty. The auction's sell through rates - 95% sold by lot and 99% sold by value - reaffirms Christie's position as market leader for the category.

Astounding prices were achieved for works by Andy Warhol, as all eight works of the artist's works offered were sold for a combined total of US$90,988,000. Most notably Christie's established a new world auction record for a portrait by Warhol with the evening's top lot, Self-Portrait 1963-1964, pictured right, which realized US$38,442,500. The work was finally sold after a riveting 16-minute competition between bidders in the room and on the phone.

Larry Finn, Coach Realtors' CEO, comments: "Seven new world auction records reflects Christie's mission to distinguish itself as the world's finest auction house. We are proud to be associated with such a wonderful organization and an affiliate of Christie's International Real Estate."

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